FIL might be more than 70% away from its all-time high, but derivatives data shows traders are steadily building leveraged positions.
Everyone is cheering for the BTC ETF, but options markets data shows that the implied probability for Bitcoin trading above $70,000 on Oct. 29 is just 25%.
ETH price recaptured the $3,800 level and derivatives data signals bulls are well-positioned for Friday’s $385 million options expiry.
$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week.
ETH price is lagging behind BTC’s recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term.
BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally.
Bears are in deep trouble as ETH bulls are likely to pocket $115 million from Friday’s options expiry.
Hash rate, supply shock and U.S. credit risk are likely the causes for the BTC rally.
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential.